Business segment information

12 Months Ended

Mar. 31, 2013

Accounting Policies [Abstract]

Business segment information

18 Business segment information

(a) The Group is organized based on the products it offers. Under this organizational structure, the Group’s operations can be classified into four business segments, Scales, Telecommunications Products, Pet Electronics and Others for the fiscal years ended March 31, 2012 and 2013.

Scales operations principally involve production and marketing of sensor-based scales products. These include bathroom, kitchen, office, jewelry, laboratory, postal and industrial scales that are used in consumer, commercial and industrial applications.

Telecommunication Products operations principally involve production and modification of two-way radios and cordless telephones that are used in consumer and commercial applications. The Group no longer manufactures and sells telecommunications products.

Pet Electronics Products principally involve development and production of pet-related electronics products that are used in consumer applications.

The “Others” segment is a residual, which principally includes the activities of (i) tooling and mould charges for scales, telecommunications products and pet electronics products, and (ii) sales of scrap materials.

The accounting policies of the Group’s reportable segments are the same as those described in the description of business and significant accounting policies.

Summarized financial information by business segment as of March 31, 2011, 2012 and 2013 is as follows:

	Net sales	Operating profit /(loss)		Identifiable assets as of March 31	Depreciation and amortization	Capital expenditure
	$ in thousands	$ in thousands		$ in thousands	$ in thousands	$ in thousands
2013
Scales & Pet Electronics Products	30,386	(570	)	20,097	120	1,412
Total operating segments	30,386	(570	)	20,097	120	1,412
Corporate	—	—		7,026	226	—
Group	30,386	(570	)	27,123	346	1,412
2012
Scales & Pet Electronics Products	26,682	(249	)	17,147	54	3,415
Total operating segments	26,682	(249	)	17,147	54	3,415
Corporate	—	—		6,021	176	—
Group	26,682	(249	)	23,168	230	3,415

	Net sales		Operating profit / (loss)			Identifiable assets as of March 31		Depreciation and amortization		Capital expenditure
2011
Scales		25,903		(554	)		9,166		—		584
Telecommunications Products		2,056		(202	)		4,328		—		691
Others		428		104			102		—		—
Total operating segments		28,387		(652	)		13,596		—		1,275
Corporate		—		(979	)		8,211		307		—
Group		28,387		(1,631	)		21,807		307		1,275
											.
Discontinued operations							5
Total Assets							21,812

Operating profit / (loss) by segment equals total operating revenues less expenses directly attributable to the generation of the segment’s operating revenues. Operating loss of the corporate segment consists principally of salaries and related costs of administrative staff, and administration and general expenses of the Group. Identifiable assets by segment are those assets that are used in the operation of that segment. Corporate assets consist principally of cash and cash equivalents, deferred income tax assets and other identifiable assets not related specifically to individual segments.

(b) The Group primarily operates in Hong Kong and the PRC. The manufacture of components and their assembly into finished products and research and development are carried out in the PRC. The subsidiary in Germany was responsible for the distribution of electronic scales products in Europe. As the operations are integrated, it is not practicable to distinguish the net income derived among the activities in Hong Kong, and the PRC.

Total property, plant and equipment, net by geographical areas are as follows:

	March 31,	March 31,
	2012	2013
	$ in thousands	$ in thousands
Hong Kong	1,046	1,115
The PRC	5,925	7,184
Total property, plant and equipment	6,971	8,299

(c) The following is a summary of net export sales by geographical areas, which are defined by the final shipment destination, constituting 10% or more of total sales of the Company for the years ended March 31, 2011, 2012 and 2013:

	Year ended March 31,
	2011				2012				2013
	$ in thousands		%		$ in thousands		%		$ in thousands		%
United States		18,893		67		19,940		75		23,804		78
Germany		5,557		20		4,985		18		5,121		17
		24,450				24,925				28,925

(d) The details of sales made to customers constituting 10% or more of total sales of the Company are as follows:

		Year ended March 31,
	Business segment	2011			2012			2013
			$	%		$	%		$	%
Sunbeam Products, Inc.	Scales		16,934	60		17,499	66		15,818	52
Fitbit, Inc.	Scales		—	—		106	1		5,493	18
Gottl Kern + Sohn GMBH	Scales		3,970	14		3,744	14		3,814	13
			20,904	74		21,349	81		25,125	83